Cash receipts allowed
This query is : Open
30 November 2020
A doctor sec 44ada professional income I.t return filed every year.doctor (Mr.A)cash loan to another doctor(Mr.B) debtor Rs:10 lacs payment through on bank mode Dt:20-10-2020.but same person some part amount cash receipts Rs:1,90,000/- through on cash mode received on Dt:20-10-2020.
Question:
Assess part amount rs:1,90,000/- cash receipts through on cash mode allowed in I.t. act penalty applicable.
Question:
Assess part amount rs:1,90,000/- cash receipts through on cash mode allowed in I.t. act penalty applicable.
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